TURNSTONE CENTER FOR CHILDREN & AD… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1945

Legal Domicile

Principal Officer

MICHAEL MUSHETT

Phone

2604832100

Tax Period

2024-07-01 to 2025-06-30

TURNSTONE CENTER FOR CHILDREN & ADULTS WITH DISABILITIES INC, founded in 1945, is a community nonprofit in the Health Care sector that reported $8.5M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Net assets of $26.4M represent 37 months of operating reserves.

Mission

TURNSTONE EMPOWERS PEOPLE WITH DISABILITIES TO ACHIEVE THEIR HIGHEST POTENTIAL BY PROVIDING COMPREHENSIVE SERVICES AND PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $4,723,058 Revenue: $3,379,766

THERAPY, SPORTS & FITNESS PROGRAMS: TURNSTONE SERVED 803 CHILDREN AND ADULTS THROUGH THERAPY PROGRAMS, INCLUDING SPEECH, PHYSICAL, OCCUPATIONAL, AND AQUATIC THERAPY. THE ORGANIZATION'S FITNESS AND...

THERAPY, SPORTS & FITNESS PROGRAMS: TURNSTONE SERVED 803 CHILDREN AND ADULTS THROUGH THERAPY PROGRAMS, INCLUDING SPEECH, PHYSICAL, OCCUPATIONAL, AND AQUATIC THERAPY. THE ORGANIZATION'S FITNESS AND AQUATIC CENTER SERVED 1,759 YOUTH AND ADULTS THROUGH CERTIFIED FITNESS SPECIALISTS, WHEELCHAIR-ACCESSIBLE EXERCISE EQUIPMENT, AND PROGRAMS INCLUDING ROCK STEADY BOXING, SILVER SNEAKERS, AND RENEW ACTIVE. AN ADDITIONAL 396 CHILDREN, YOUTH, ADULTS, AND FAMILY MEMBERS PARTICIPATED IN ADAPTIVE SPORTS AND RECREATION PROGRAMS SUCH AS POWER SOCCER, WHEELCHAIR BASKETBALL, WHEELCHAIR RUGBY, WHEELCHAIR TENNIS, BOCCIA, SLED HOCKEY, CYCLING, AND ARCHERY. (CONTINUED ON SCH O)

Program 2

Expenses: $1,313,290 Revenue: $144,862

DAY SERVICES: TURNSTONE PROVIDED CHILDCARE TO 46 CHILDREN AGES 2 THROUGH 5 THROUGH THE KIMBROUGH EARLY LEARNING CENTER, THE ONLY CHILDCARE FACILITY IN ALLEN COUNTY THAT WELCOMES ALL CHILDREN IN AN...

DAY SERVICES: TURNSTONE PROVIDED CHILDCARE TO 46 CHILDREN AGES 2 THROUGH 5 THROUGH THE KIMBROUGH EARLY LEARNING CENTER, THE ONLY CHILDCARE FACILITY IN ALLEN COUNTY THAT WELCOMES ALL CHILDREN IN AN INCLUSIVE ENVIRONMENT. THE CENTER INTEGRATES CHILDREN WITH AND WITHOUT DISABILITIES IN A SHARED LEARNING SETTING, BUILDING SOCIAL SKILLS AND DEVELOPMENTAL FOUNDATIONS FOR ALL PARTICIPANTS. TURNSTONE'S ADULT DAY SERVICES AND MEMORY CARE PROGRAM SERVED 93 ADULTS WITH DISABILITIES ANNUALLY. (CONTINUED ON SCH O)

Program 3

Expenses: $390,964 Revenue: $1,600

ADVOCACY AND COMMUNITY ENGAGEMENT: TURNSTONE'S ADVOCACY AND COMMUNITY ENGAGEMENT EFFORTS IMPACTED OVER 70,000 INDIVIDUALS THROUGH INITIATIVES THAT ELEVATED THE VOICES OF PEOPLE WITH DISABILITIES...

ADVOCACY AND COMMUNITY ENGAGEMENT: TURNSTONE'S ADVOCACY AND COMMUNITY ENGAGEMENT EFFORTS IMPACTED OVER 70,000 INDIVIDUALS THROUGH INITIATIVES THAT ELEVATED THE VOICES OF PEOPLE WITH DISABILITIES, RAISED AWARENESS OF COMMUNITY NEEDS, REDUCED BARRIERS TO ESSENTIAL SERVICES, AND SUPPORTED MORE INCLUSIVE WORKPLACES. THE ORGANIZATION LED TRAINING SESSIONS, HOSTED SPECIAL EVENTS AND TOURNAMENTS, PROVIDED FACILITY TOURS, AND CONTRIBUTED TO COMMUNITY IMPROVEMENTS FOCUSED ON UNIVERSAL DESIGN AND ADA COMPLIANCE. (CONTINUED ON SCH O)

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,135,613

Program Service Revenue $3,526,228

Investment Income $466,443

Other Revenue $383,274

TOTAL REVENUE $8,511,558

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,976,198

Fundraising Expenses $674,816

Program Expenses $6,427,312

Other Expenses $3,031,442

TOTAL EXPENSES $9,007,640

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,511,558	$11,037,566	-0.2%
Expenses	$9,007,640	$7,900,106	+0.1%
Net Income	$-496,082	$3,137,460	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

148

Volunteers

302

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$322,668

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MUSHETT	CEO	40.00	Officer	$184,174	$3,888	$188,062
BYRON BRUNN	CFO	40.00	Officer	$133,983	$623	$134,606
LUKE MORGAN	COO	40.00	Highest	$113,109	$16,882	$129,991
STASHA CARRASQUILLO	CMO/CTO	40.00	Highest	$102,210	$16,661	$118,871
RENA SHOWN	CDO	40.00	Highest	$104,612	$9,287	$113,899
TOM KIMBROUGH	CHAIR	1.00	Officer Director	$0	$0	$0
DEBBIE PARROTT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MELISSA SCHENKEL	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRIS RUPP	TREASURER	1.00	Officer Director	$0	$0	$0
CORINNA LADD	PAST CHAIR	1.00	Director	$0	$0	$0
TOM BANAS MD	DIRECTOR	1.00	Director	$0	$0	$0
ANGELEE BOBECK	DIRECTOR	1.00	Director	$0	$0	$0
JILL BOGGS	DIRECTOR	1.00	Director	$0	$0	$0
KELLY CLEVENGER	DIRECTOR	1.00	Director	$0	$0	$0
JANE DEHAVEN	DIRECTOR	1.00	Director	$0	$0	$0
BRAD EVERY	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD FOX	DIRECTOR	1.00	Director	$0	$0	$0
LINDA FRANCIES	DIRECTOR	1.00	Director	$0	$0	$0
VICKI LEININGER	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE MINNICH	DIRECTOR	1.00	Director	$0	$0	$0
BARNEY NIEZER	DIRECTOR	1.00	Director	$0	$0	$0
ANNE PLASSMAN	DIRECTOR	1.00	Director	$0	$0	$0
KELLY SHIELDS	DIRECTOR	1.00	Director	$0	$0	$0
WIL SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA STOUT	DIRECTOR	1.00	Director	$0	$0	$0
BRAD STURGES	DIRECTOR	1.00	Director	$0	$0	$0
TOM TRENT	DIRECTOR PAR	1.00	Director	$0	$0	$0
CLIFF WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
IRENE WALTERS	DIRECTOR	1.00	Director	$0	$0	$0
MARLON WARDLOW	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$8,511,558	$9,007,640	$27,084,240	$-496,082
2024	$11,037,566	$7,900,106	$27,385,798	$3,137,460
2023	$9,331,295	$7,090,494	$23,531,104	$2,240,801
2022	$11,410,930	$6,776,100	$21,016,587	$4,634,830
2021	$5,395,117	$5,983,416	$28,439,711	$-588,299
2020	$5,400,561	$7,275,509	$28,178,233	$-1,874,948
2019	$6,508,561	$6,360,471	$30,259,314	$148,090
2018	$5,219,659	$5,905,056	$29,934,189	$-685,397

TURNSTONE CENTER FOR CHILDREN & ADULTS WITH DISABILITIES INC